Oklahoma § 62-357 - Rate of interest on funding or refunding bonds - Period
Full text of Oklahoma Oklahoma Statutes § 62-357 — Rate of interest on funding or refunding bonds - Period, with citation guidance and answers to common questions.
§ 62-357. Rate of interest on funding or refunding bonds - Period
elapsing before refund.
Funding or refunding bonds of a county, city, town, township,
board of education or school district issued under existing laws may
not bear a greater rate of interest than the indebtedness which is
funded or refunded, or may bear such rate or rates of interest which
shall not constitute a greater overall interest cost existing on
indebtedness which is funded or refunded. Provided that no bonded
and/or interest coupon indebtedness shall be refunded except such as
Oklahoma Statutes - Title 62. Public Finance
have been issued and outstanding at least one (1) year at the time
of such refunding.
Added by Laws 1947, p. 394, § 1, emerg. eff. May 16, 1947.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-357
What does Oklahoma Statutes § 62-357 cover?
Section 62-357 ("Rate of interest on funding or refunding bonds - Period") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 62-357?
A common citation format is "Oklahoma Statutes § 62-357" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 62-357 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.